JETBLUE AIRWAYS - 1H - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 5.77 USD
My targets
5.57 USD (-1.59%)
5.24 USD (-7.42%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on JETBLUE AIRWAYS as long as the price remains well below 5.77 USD. The sellers' bearish objective is set at 5.57 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.24 USD. In case of crossing, the next objective would be the support located at 4.70 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JETBLUE AIRWAYS price is 5.66 USD. The price is lower by -4.55% since the last closing and was traded between 5.66 USD and 5.90 USD over the period. The price is currently at 0% from its lowest and -4.07% from its highest.5.66
5.90
5.66
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JETBLUE AIRWAYS indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.70 | 5.24 | 5.57 | 5.66 | 5.77 | 5.93 | 6.80 |
| Change (%) | -16.96% | -7.42% | -1.59% | - | +1.94% | +4.77% | +20.14% |
| Change | -0.96 | -0.42 | -0.09 | - | +0.11 | +0.27 | +1.14 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.34 | 5.50 | 5.58 | 5.74 | 5.82 | 5.98 | 6.06 |
| Camarilla | 5.59 | 5.62 | 5.64 | 5.66 | 5.68 | 5.70 | 5.73 |
| Woodie | 5.30 | 5.48 | 5.54 | 5.72 | 5.78 | 5.96 | 6.02 |
| Fibonacci | 5.50 | 5.59 | 5.65 | 5.74 | 5.83 | 5.89 | 5.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.16 | 5.34 | 5.57 | 5.75 | 5.98 | 6.16 | 6.39 |
| Camarilla | 5.69 | 5.73 | 5.76 | 5.80 | 5.84 | 5.88 | 5.91 |
| Woodie | 5.19 | 5.35 | 5.60 | 5.76 | 6.01 | 6.17 | 6.42 |
| Fibonacci | 5.34 | 5.50 | 5.59 | 5.75 | 5.91 | 6.00 | 6.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.96 | 4.27 | 4.97 | 6.28 | 6.98 | 8.29 | 8.99 |
| Camarilla | 5.13 | 5.31 | 5.50 | 5.68 | 5.86 | 6.05 | 6.23 |
| Woodie | 2.67 | 4.12 | 4.68 | 6.13 | 6.69 | 8.14 | 8.70 |
| Fibonacci | 4.27 | 5.03 | 5.51 | 6.28 | 7.04 | 7.52 | 8.29 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.91 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -6.33 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 5.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.91 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 5.65 | |
| Zig ZAG (10): | 5.66 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 3.17 | |
| TEMA (21): | 5.76 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | -2.5600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.67 |
| MA7: | 5.76 | |
| MA20: | 6.31 | |
| MA50: | 6.72 | |
| MA100: | 6.21 | |
| MAexp7: | 5.74 | |
| MAexp20: | 5.78 | |
| MAexp50: | 5.84 | |
| MAexp100: | 6.05 | |
| Price / MA7: | -1.74% | |
| Price / MA20: | -10.30% | |
| Price / MA50: | -15.77% | |
| Price / MA100: | -8.86% | |
| Price / MAexp7: | -1.39% | |
| Price / MAexp20: | -2.08% | |
| Price / MAexp50: | -3.08% | |
| Price / MAexp100: | -6.45% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on JETBLUE AIRWAYS at the time of the analysis were as follows:
- JetBlue Announces Record and Payment Dates for August 2023 Additional Prepayment to Spirit Stockholders
- JetBlue Announces Second Quarter 2023 Results
- JetBlue Announces Record and Payment Dates for July 2023 Additional Prepayment to Spirit Stockholders
- JetBlue Announces Webcast of Second Quarter 2023 Earnings Conference Call
- JetBlue Announces Record and Payment Dates for June 2023 Additional Prepayment to Spirit Stockholders
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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